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Feb 24, 2013
02/13
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if we cannot cut this minuscule amount with the trillion dollar deficits every year, we are headed towards agrees. we're going to make them look healthy. >> they quoted a pentagon official sang, "it really scares the hell out of me." doesn't scare you? >> it scares me if it goes on for a long period you cannot get to be them without no sense of responsibility. the president is leading, but he's not leading in the direction that he wants. he is leading to blame the republicans, which i suspect he will succeed in because as "the new york times" said, it is a suicide dive down they will get blamed. the only answer is to get together and obama thinks he has them on the ropes and republicans cannot seem to get themselves together. >> we just heard dr. paul say it was the president's idea. wasn't it? >> who cares? it's a bad idea on both sides. it's the blame game. it is the president's responsibility far more than anyone else, particularly a second term president who just won reelection. it's his responsibility to rise above this nonsense. he's not doing it. >> ought to show you something. this
if we cannot cut this minuscule amount with the trillion dollar deficits every year, we are headed towards agrees. we're going to make them look healthy. >> they quoted a pentagon official sang, "it really scares the hell out of me." doesn't scare you? >> it scares me if it goes on for a long period you cannot get to be them without no sense of responsibility. the president is leading, but he's not leading in the direction that he wants. he is leading to blame the...
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Feb 20, 2013
02/13
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they focus on things like benghazi and asked questions about the debt crisis we are to face and the deficit and the phony spending cuts and someone the president proposes which is now calling spending reform, whatever that is exacactly. neillou: it is like investment. >> it requires real answers. >> they treated the president like a celebrity. the novelty of the first african-american candidate for president, his election, has never been treated the way other presidents have been treated by the mainstream media. i wish there was one standard we could judge all policies. >> we are not close to that, the media used to be tough. lou: our colleagues at fox have done a great job reporting on benghazi. >> i would accept ed henry. lou: thank you very much and thank you for joining us. be with us tomorrow. good night, from new york. >> go to south dakota and oregon and washington and michigan and then we go to michiga washingto, to take over the white house. neil: thank god for howard dean. the screamer is now a saint. saying something i call most of the voice i tell you is deafeng. during a discus
they focus on things like benghazi and asked questions about the debt crisis we are to face and the deficit and the phony spending cuts and someone the president proposes which is now calling spending reform, whatever that is exacactly. neillou: it is like investment. >> it requires real answers. >> they treated the president like a celebrity. the novelty of the first african-american candidate for president, his election, has never been treated the way other presidents have been...
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Feb 23, 2013
02/13
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the top issue is deficit control. sent% say it's urgent but obama has not yet put forward a budget this year or pushed deficit control. more over, his state of the union address contained $84 billion in new spending proposals. can you speak to that, mort? >> i think that's a legs mutt concern because that is an issue that could really unravel the economy. nobody knows exactly when or how. it is one of those stories where hemingway captured it when he said the two characters, how did you go bankrupt? two ways. first slowly, then suddenly. something could happen, it could be very serious. nobody knows. the financial markets could lose confidence in the american economy, then we ode have a major thing. something has to be done. >> was that your take or did he really say that? >> no, no, did he say that. >> the first graphic you showed, do we really think, eleanor, out of those 74% they think the only way to do it is cut taxes? they want to see spending cuts and that we have not seen the president offer yet. >> he has tot
the top issue is deficit control. sent% say it's urgent but obama has not yet put forward a budget this year or pushed deficit control. more over, his state of the union address contained $84 billion in new spending proposals. can you speak to that, mort? >> i think that's a legs mutt concern because that is an issue that could really unravel the economy. nobody knows exactly when or how. it is one of those stories where hemingway captured it when he said the two characters, how did you...
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Feb 24, 2013
02/13
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WUSA
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a huge chunk of the deficit reduction that's been achieved is through obamacare. >> when we come back, minimum wage hike. (woman) 3 days of walking to give a breast cancer survivor a lifetime-- that's definitely a fair trade. whoo! you walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (woman) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a lifetime. visit the3day.org to register or to request more information today. ♪ burning like a fire ♪ building up from deep inside it was 3 days of pure joy. susan g. komen's investments in early detection and treatment have helped reduce breast cancer mortality in the u.s. by 33% since 1990. help us continue serving the millions of women and men with breast cancer who still need us every day. register for the 3-day now. (woman) it's just been an amazing, amazing journey. i love these people. ♪ and it's beautiful minimum wage hike. >> today a full-time worker making the minimum wage earns $14,500
a huge chunk of the deficit reduction that's been achieved is through obamacare. >> when we come back, minimum wage hike. (woman) 3 days of walking to give a breast cancer survivor a lifetime-- that's definitely a fair trade. whoo! you walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (woman) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a...
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Feb 21, 2013
02/13
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FBC
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unlike most americans, i do not think that we have a trillion plus deficit every year. it is because we spend too much. after this, we will go straight to the continuing resolution, which is funding the government on a temporary basis that expires in march. i expect the republicans to get to the point of more savings there. our country has to do that. the idea that we are going to raise taxes on industries that are creating jobs, like the oil and gas industry like you mentioned, during the recession, 120,000 jobs were created. and now is not the time to be killing the goose. >> that's exactly right. it is not like we are undertaxed. it pays 41% of his income to the federal government in income taxes. the average is 26%. i think that that is probably too high. 41% is huge in taxes. >> they want to tax them all the more. >> because they think that they are politically unpopular. >> this is one industry that is growing jobs while increasing security in this world. >> the only way to get out of this mess is to draw ourselves out of it. it is an industry grows. governor, it'
unlike most americans, i do not think that we have a trillion plus deficit every year. it is because we spend too much. after this, we will go straight to the continuing resolution, which is funding the government on a temporary basis that expires in march. i expect the republicans to get to the point of more savings there. our country has to do that. the idea that we are going to raise taxes on industries that are creating jobs, like the oil and gas industry like you mentioned, during the...
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Feb 20, 2013
02/13
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, it is going on blowout the hideous deficit. gerri: how ironic is it that labor unions are saying now, we don'tment it. >> you know they were suspicious at the beginning but they were pout off, they -- bought off, they cadillac health care under obamacare, they have to see their members reduced. it is tragic they were fooled into supporting it or for political reasons, now their members face the consequences. gerri: people now, leading republicans saying, let's stop fighting over obamacare, let it go. i guess they are thinking that you know just such bad news, for consumers, they won't like it they will blame the president, but at en the day should you fight things. >> you try to fix it it is not just bad news for consumers but for the healthcare, the people, for the government. because it is going end to up costs hundreds of billions more than people expected. you can't just sit back and say3 well it's done. gerri: what do we do? >> i would advance a series of amendments, preferably to replace it repeal and replace it with anot
, it is going on blowout the hideous deficit. gerri: how ironic is it that labor unions are saying now, we don'tment it. >> you know they were suspicious at the beginning but they were pout off, they -- bought off, they cadillac health care under obamacare, they have to see their members reduced. it is tragic they were fooled into supporting it or for political reasons, now their members face the consequences. gerri: people now, leading republicans saying, let's stop fighting over...
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Feb 17, 2013
02/13
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>> nothing i am proposing tonight should increase our deficit by a single dime. >> the president offered more of the same -- higher taxes and more stimulus spending. >> the president wants congress to come up with $40 billion to improve infrastructure, wants to raise the minimum wage to $9 an hour, wants a new energy bill similar to cap-and-trade, wants preschool for every 4-year-old in the nation, tax reform, gun control, citizenship for undocumented immigrants. what are his chances, charles? >> approximately zero. he is talking as if we have a huge surplus so we can start spending all over again inaugural address was the philosophical statement of what i call this left-liberalism, the state of the union address is the programmatic expression of that. there a social ill that he did not have the government answer to? if he did, i did not hear it. >> mark? >> if that is a liberal agenda, we have moved the goal posts in our country. i thought the speech was -- the sum of its parts did not create a greater whole. i thought that parts of it were really good. like the minimum wage, i like the
>> nothing i am proposing tonight should increase our deficit by a single dime. >> the president offered more of the same -- higher taxes and more stimulus spending. >> the president wants congress to come up with $40 billion to improve infrastructure, wants to raise the minimum wage to $9 an hour, wants a new energy bill similar to cap-and-trade, wants preschool for every 4-year-old in the nation, tax reform, gun control, citizenship for undocumented immigrants. what are his...
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Feb 24, 2013
02/13
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that is, by the way, a tiny fraction of state budgets or even state deficits. so it would not solve the problem. i think we are going to turn out even to be overoptimistic, if you will, about the amount of tax revenues. gerri: why is that? why? >> well, several reasons. one is that small businesses are going to be exempted. and so at some level you are going to exempt small business, and the ones you don't exempt lot of them, frankly, won't comply. the second reason, and the biggest one, they are ignoring the fact that most online sales are conducted by brick and mortar. so walmart, target, when you go online they're counting as an online sale. thirteen of the 15 largest online sellers are brick and mortar stores that are already paying taxes and all the states. gerri: you know, the folks who would like to push this idea, there's a lot of sales moving, and that is not there today. there could be as much as 1,705,000,000,000. one year of ses migrating online. to you by that? >> i think we're going to continue to see the migration to online. we're also going to s
that is, by the way, a tiny fraction of state budgets or even state deficits. so it would not solve the problem. i think we are going to turn out even to be overoptimistic, if you will, about the amount of tax revenues. gerri: why is that? why? >> well, several reasons. one is that small businesses are going to be exempted. and so at some level you are going to exempt small business, and the ones you don't exempt lot of them, frankly, won't comply. the second reason, and the biggest one,...
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Feb 17, 2013
02/13
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CNNW
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>> we have to make the growth deficit a priority in just the way we've been making the fiscal deficit a priority. because the truth is, we are never going to resolve the fiscal deficit in any ultimate sense in an economy that's growing at 1 or 1.2% or even 2% a year. we have to move to a focus on the growth deficit and if we do that, i think we'll be surprised at how rapidly we'll see improvement in the fiscal picture and i think we'll see a variety of -- because extra tax revenues will come in and less need to pay unemployment insurance benefits. i think we'll also be surprised at, as the economy starts to grow, businesses will be able to invest more in innovation. there's a tendency, which i think is badly wrong, to argue that we need to stop focusing on the short run and we need to focus on the long run instead. i think when we put the focus on stopping stagnation and having america be a rapid escalator, again, what we are doing is the policy that will best prepare us for the long run. >> so, what you are saying, finally, is that the whole effort of kind of the conventional wisdom
>> we have to make the growth deficit a priority in just the way we've been making the fiscal deficit a priority. because the truth is, we are never going to resolve the fiscal deficit in any ultimate sense in an economy that's growing at 1 or 1.2% or even 2% a year. we have to move to a focus on the growth deficit and if we do that, i think we'll be surprised at how rapidly we'll see improvement in the fiscal picture and i think we'll see a variety of -- because extra tax revenues will...
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Feb 16, 2013
02/13
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mort, what was our trade deficit with europe all year? over $100 billion. last year john we had the largest trade deficit in world history between two nationsing, $315 billion with klein. the united states has been getting its clock cleaned for the last 25 years. where do you think all our factories and jobs have gone? they have gone overseas. >> this is the counter weight to china. that is why it is going to work. >> mort, hold on, tim. mort has some inside wisdom on this. he predicted it. go ahead. >> i think you will have a much larger market. you can have your manufacturing base that will be completely expanded cost per unit will go down, we'll be much more competitive vis a vis countries like china, >>> predictions pat? >> that $9 minimum wage is dead john. it will go nowhere because the national federation of independent businesses has come out hard against it. >> do you think the states ought to fix that minimum wage? >> i think states ought to set the minimum wage yeah. >> eleanor. >> it may be dead this congress but there is another congress pat. >
mort, what was our trade deficit with europe all year? over $100 billion. last year john we had the largest trade deficit in world history between two nationsing, $315 billion with klein. the united states has been getting its clock cleaned for the last 25 years. where do you think all our factories and jobs have gone? they have gone overseas. >> this is the counter weight to china. that is why it is going to work. >> mort, hold on, tim. mort has some inside wisdom on this. he...
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Feb 19, 2013
02/13
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the debt and these deficits that are compounding are not an issue to him. >> the truth is, neil, that government has grown too big, promised too much it needs to fundamentally restructure, the last thing we can do no matter how merer toiourer merit, it isa course correction. neil: david walker thank you very much. >> great to be with you. neil: oil companies pay billion in taxes, and they are still evil, right, facebook pays zero in taxes, the news are not hearing about hypocrisy you should, next. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's n
the debt and these deficits that are compounding are not an issue to him. >> the truth is, neil, that government has grown too big, promised too much it needs to fundamentally restructure, the last thing we can do no matter how merer toiourer merit, it isa course correction. neil: david walker thank you very much. >> great to be with you. neil: oil companies pay billion in taxes, and they are still evil, right, facebook pays zero in taxes, the news are not hearing about hypocrisy...
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Feb 19, 2013
02/13
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the debt and these deficits that are compounding are not an issue to him. >> the truth is, neil, that government has grown too big, promised too much it needs to fundamentally restructure, the last thing we can do no matter how merer toiourer merit, it isa course correction. neil: david walker thank you very much. >> great to be with you. neil: o companies pay billion in taxes, and they are still evil, right, facebook pays zero in taxes, the news are not in taxes, the news are not hearing about hypocrisy you today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. i work for 47 different companies. well, technically i work for one. that company, the united states postal service® works for thousands of home businesses. because at usps.com® you can pay, print and have you
the debt and these deficits that are compounding are not an issue to him. >> the truth is, neil, that government has grown too big, promised too much it needs to fundamentally restructure, the last thing we can do no matter how merer toiourer merit, it isa course correction. neil: david walker thank you very much. >> great to be with you. neil: o companies pay billion in taxes, and they are still evil, right, facebook pays zero in taxes, the news are not in taxes, the news are not...
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Feb 22, 2013
02/13
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MSNBCW
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only 42% of republican voters support the deficit through spending cuts alone. more people will blame the republicans in congress. 31% say it will be president obama's fault. 49% say it will be the republican leader's fault. conservatives are trying to do what john boehner is trying to do find a way out. >> karl rove writes my own recommendation should pass a continuing resolution for the balance at the fiscal year dictated at the sequester granting the branch the flexibility to more important ones and al exwagner i think that sort of kind of brilliant. because that would make every cut an obama cut. >> this has become the blame game. the only sort of position the republicans have right now is it was bam's idea so he needs to solve it. no matter that they passed the package. >> we should forget that. >> honestly lawrence i can't believe they are still doubling down on this tax piece. they are still obsessed. it looked at income disparity in this country. the top 0.1% of this country made an average of $20 million and you are still trying to sell to the american
only 42% of republican voters support the deficit through spending cuts alone. more people will blame the republicans in congress. 31% say it will be president obama's fault. 49% say it will be the republican leader's fault. conservatives are trying to do what john boehner is trying to do find a way out. >> karl rove writes my own recommendation should pass a continuing resolution for the balance at the fiscal year dictated at the sequester granting the branch the flexibility to more...
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Feb 21, 2013
02/13
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. >> this compromise guarantees more than $2 trillion in deficit reduction. it's an important first step to ensuring that as a nation we live within our means. >> all right. well, i agree with the president. so if it was true then, shouldn't it be true now? limited government spending, live within our means, it's good for economic growth. joining us now for the full hour, cnbc contributor jared bernstein, former chief economist to vice president biden and we welcome back new york republican congresswoman nan hayworth. in my world of free market economics as you know, spending cuts, limited government, stronger private sector, great for economic growth, happened during the clinton years, happened during the reagan years, happened after world war ii, it happened during the calvin coolidge '20s. >> uncle, uncle. >> the calvin coolidge '20s. >> i think your $44 billion is a legitimate number because that's t o the outlays versus the cuts which takes place over more than one year. it comes out of the economy, just not in one year. if you look at the nonpartisan sh
. >> this compromise guarantees more than $2 trillion in deficit reduction. it's an important first step to ensuring that as a nation we live within our means. >> all right. well, i agree with the president. so if it was true then, shouldn't it be true now? limited government spending, live within our means, it's good for economic growth. joining us now for the full hour, cnbc contributor jared bernstein, former chief economist to vice president biden and we welcome back new york...
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Feb 19, 2013
02/13
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david: earlier today president obama spoke about the huge deficit mentioning the importance of growth and jobs as a means to fix it. >> we learned in the 1990s when bill clinton was president, nothing shrinks the deficit faster than a growing economy that creates good, middle class jobs. that should be our driving focus, making america a magnet for good jobs. david: but did the president's policies actually help create jobs? our next guest claims that one of the president's positions could actually hurt job growth, particularly in the one group hit hardest by unemployment. michael saltzman is employment policy institute research director and he joins me now. michael, good to see you. so the president made a statement that i think we all agree on that a growing economy would not only help jobs but would also help our deficit but the president also wants this 20%, i guess a 24% increase in the minimum wage. what would that do to the jobs picture? >> well i think what it would do for the jobs picture, specifically the jobs picture for less-skilled employees like teens it would reduce the
david: earlier today president obama spoke about the huge deficit mentioning the importance of growth and jobs as a means to fix it. >> we learned in the 1990s when bill clinton was president, nothing shrinks the deficit faster than a growing economy that creates good, middle class jobs. that should be our driving focus, making america a magnet for good jobs. david: but did the president's policies actually help create jobs? our next guest claims that one of the president's positions...
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Feb 22, 2013
02/13
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yeah, we can talk about long-term deficit reduction. but let's not do it in a way that going to keep us from growing and therefore, as melissa suggested, ultimately make the problem we have worse. >> now, melissa, i raise the same question president obama, he was on my radio show yesterday, that e.j. addressed, personal, political. let me play for you what the president said he thinks is the reason they are not uniting and trying to protect the country. they are really trying to protect the rich. >> they're basic view is that nothing is important enough to raise taxes on wealthy individuals or corporations. and they would prefer to see these kinds of cuts that could slow down a recovery over closing tax loop holes, and that's the thing that binds their party together at this point. >> now, they must have struck a nerve. because over at fox news, they went wow and they've been playing, interviewing, and let me show you the response. here is a tape from fox news on their response with what the president said on the radio show. >> the pres
yeah, we can talk about long-term deficit reduction. but let's not do it in a way that going to keep us from growing and therefore, as melissa suggested, ultimately make the problem we have worse. >> now, melissa, i raise the same question president obama, he was on my radio show yesterday, that e.j. addressed, personal, political. let me play for you what the president said he thinks is the reason they are not uniting and trying to protect the country. they are really trying to protect...
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Feb 20, 2013
02/13
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while a plan to reduce our deficit has to be part of our agenda we also have to remember that deficit reduction alone is not an economic plan. >> jared, that is the part that seems to be getting lost here. >> yeah, it is exactly the point i was trying to make earlier. let us not forget that we have an unemployment rate that is almost 8% and has been stuck there. gdp in the fourth quarter of last year actually was slightly negative. i think it will be revised up, certainly not where it needs to be largely because of a shortfall in government spending. i think when we get the revised numbers it won't look that bad. but clearly, the economy is growing too slowly so the last thing you would want to do is take a kind of already wobbly bike and flatten the tires a little bit. so what i just never can seem to wrap my head around. and it is true, by now i should be used to it. is a congress that wouldn't even take a hypocratic oath, that is do no harm. but they just need to go to the districts, leave well enough alone and let recovery happen. there are good things happening at the surface but
while a plan to reduce our deficit has to be part of our agenda we also have to remember that deficit reduction alone is not an economic plan. >> jared, that is the part that seems to be getting lost here. >> yeah, it is exactly the point i was trying to make earlier. let us not forget that we have an unemployment rate that is almost 8% and has been stuck there. gdp in the fourth quarter of last year actually was slightly negative. i think it will be revised up, certainly not where...
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Feb 21, 2013
02/13
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sending 80, 90 billion a year to the treasury which reduces the deficit. they might lose 30 billion a year. you want to talk about people freaking out about the federal reserve. wait until they need a bailout from the treasury. >> dan, i'm just wondering, back it brian's point, it pits the fed against it here. unless we say the government and fed are not independent. is there any way they would put pressure on and keep going. >> i will say this. the fed is -- that doesn't matter. a more general question, getting back to the main point here about whether the fed can raise interest rates, i think they can. it is important to remember that the federal reserve tightened and the universe hasn't tightened. they tighted in the '90s. certainly this time is different in that the fed is lower for longer. that they have been buying bonds and there's no doubt that interest rate strategy is complicateed. let's be clear, if they can't raise interest rates, then the world will end. that's not going to happen. i think things will be, relatively speaking, okay. >> breaking
sending 80, 90 billion a year to the treasury which reduces the deficit. they might lose 30 billion a year. you want to talk about people freaking out about the federal reserve. wait until they need a bailout from the treasury. >> dan, i'm just wondering, back it brian's point, it pits the fed against it here. unless we say the government and fed are not independent. is there any way they would put pressure on and keep going. >> i will say this. the fed is -- that doesn't matter. a...
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Feb 19, 2013
02/13
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FBC
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. >> its deficit-reduction. lou: you can keep your health care plan. all of it is of herbal. >> and it is extraordinary. what really strucke about this is that the fact that the cbo and joint committee on taxation are coming in and have come out and said, listen, the health insurance industry will pass this along. they will pass the sales tax along. they're not going to solid. it will pass along off. lou: what business would? >> that struck me because i had not seen such pointed language from both of those troops. lou: but in fairness here, the cbo and various agencies of this federal government to bar presumably non-partisan or bipartisan in some cases, utterly missing the boat here. they did not give themerican people a correct reading of what was happening with obamacare. nancy pelosi who played the part of the president's stooge drought 2009 until the passage of obamacare in march of 2010, she had it right all along. she was the honest voice in washington. you have to pass it to find out what's in it. >> and this is submarine then almost like pharm
. >> its deficit-reduction. lou: you can keep your health care plan. all of it is of herbal. >> and it is extraordinary. what really strucke about this is that the fact that the cbo and joint committee on taxation are coming in and have come out and said, listen, the health insurance industry will pass this along. they will pass the sales tax along. they're not going to solid. it will pass along off. lou: what business would? >> that struck me because i had not seen such...
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Feb 20, 2013
02/13
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a trade deficit $315 billion with the chinese. we talk about facebook, google, whomever it may be. apple most recently hacked. those companies dependent on china for those manufacturing, they have limited, very limited area to respond. $1.2 trillion by the chinese, we look like we're being strangled with our own money. >> clearly we do not need to do this. the one thing this administration has us, things will be better, but as wpost the chinese about cyber hacking, the number of incidences have gone up. spiking dramatically in the middle of last year. lou: government is vulnerable being relentlessly attacked, what is the answer? >> the answer is really a deeper level of organizion. we have to formulate offensive policies with regard to our unified strategic commands and we have to treat this as if it were a military attack on the united states. lou: they said they will take these kind of attacks as an act of war. >> we have to have the chinese were they hurt. their economy is tied to ours, if we inspected containers, those ships wwll be backed up half way across the pacific, the ch
a trade deficit $315 billion with the chinese. we talk about facebook, google, whomever it may be. apple most recently hacked. those companies dependent on china for those manufacturing, they have limited, very limited area to respond. $1.2 trillion by the chinese, we look like we're being strangled with our own money. >> clearly we do not need to do this. the one thing this administration has us, things will be better, but as wpost the chinese about cyber hacking, the number of...
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Feb 18, 2013
02/13
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the older bush raised taxes to cut the deficit and brought on a period of solid economic growth. the younger bush cut taxes without reason. could we be watching an even fiercer rivalry between the presidents today? it's not personal again, just historical. if obama turns into a big success, as discussed earlier tonight, can he out-pace clinton? can he be truly transformational in saying what bill clinton was not. don't think the two of them aren't keeping a close watch on the score board. and that's "hardball" for now. thanks for being with us. "politics nation" with al sharpton starts right now. >> thanks, chris. and thanks to you for tuning in. tonight's lead, just in time for president's day. the gop's home on derange. right now, the president is on his way home from a weekend get away. but he'll return to washington the way he left it, with republicans blocking, opposing and grand standing. but, now, they're admitting the truth behind it all. former speaker newt gingrich let the cat out of the bag when he admitted any immigration bill put out by the white house will fail. why
the older bush raised taxes to cut the deficit and brought on a period of solid economic growth. the younger bush cut taxes without reason. could we be watching an even fiercer rivalry between the presidents today? it's not personal again, just historical. if obama turns into a big success, as discussed earlier tonight, can he out-pace clinton? can he be truly transformational in saying what bill clinton was not. don't think the two of them aren't keeping a close watch on the score board. and...
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Feb 19, 2013
02/13
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while a plan to reduce our deficit has to be part of our agenda, we also have to remember deficit reduction alone is not an economic plan. we learned in the 1990s, when bill clinton was president, nothing shrinks the deficit faster than a growing economy that creates middle-class jobs. that should be our driving focus. making america a magnet for good jobs. equipping people with the skills to fill those jobs. making sure that their hard work leads to a decent living. those are the things that we should be pushing people to work on every single day. that is what the american people expect. that is what i am going to work on every day to help deliver. we have a few days. congress can do the right thing. we can advertise just one more washington manufacturing problem that slows our recovery and bring down our deficits in a balanced responsible way. that is my goal. that is what we do right by these first responders. that is what would do right by america's middle class. that is what i will be working on and fighting for. not just over the next few weeks, but the next few years. thank you very
while a plan to reduce our deficit has to be part of our agenda, we also have to remember deficit reduction alone is not an economic plan. we learned in the 1990s, when bill clinton was president, nothing shrinks the deficit faster than a growing economy that creates middle-class jobs. that should be our driving focus. making america a magnet for good jobs. equipping people with the skills to fill those jobs. making sure that their hard work leads to a decent living. those are the things that...
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Feb 24, 2013
02/13
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deficit, no job creation, stagnant economy, nothing going on with the economy. we're spending time working on the golf game. lou: "new york times" has it, 72 hours of golf, elitist president, and boehner is -- >> it's the mainstream media. we have to go back to the grassroots and advocacy of the party. lou: what you just said, and i think you are exactly right, but you're saying the republican party has to go out and try to build up the membership and get its party going at the grassroots level. this is a party all they decided they needed was money and a few political connections
deficit, no job creation, stagnant economy, nothing going on with the economy. we're spending time working on the golf game. lou: "new york times" has it, 72 hours of golf, elitist president, and boehner is -- >> it's the mainstream media. we have to go back to the grassroots and advocacy of the party. lou: what you just said, and i think you are exactly right, but you're saying the republican party has to go out and try to build up the membership and get its party going at the...
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Feb 19, 2013
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to reduce the deficits without harming our economy. but congress has to act. >> republican leaders say they haven't been contacted by the president since the inaugural. >> the republicans had plans to avoid sequester and at the time the president responded threatening a veto. >> some in congress trying to undo the automatic spending cuts. my message is simple. no. i will veto any effort to get rid of the automatic spending cuts, domestic spending. >> spokesman jay carney said the problem is the republicans wanted a plan that would not balance with spending cut an tax increases. >> we do not support undoing the sequester in a way that says you know what? we will throw double the number of kids out of head start and make tunnel the cuts to education. >> speaspeaker john boehner fird back saying last month the president got the higher taxes on the wealthy and is back for more. the american people understand revenue debate is closed. close the loophole and carve out attack code but it should be used to lower rate across the board. enter th
to reduce the deficits without harming our economy. but congress has to act. >> republican leaders say they haven't been contacted by the president since the inaugural. >> the republicans had plans to avoid sequester and at the time the president responded threatening a veto. >> some in congress trying to undo the automatic spending cuts. my message is simple. no. i will veto any effort to get rid of the automatic spending cuts, domestic spending. >> spokesman jay carney...
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Feb 20, 2013
02/13
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we should be investing in job creation as the best means of deficit reduction. we shouldn't be cutting and bleeding our economy. and if there was any measure of rationality in our system, we'd be having a serious debate in congress about the best liberal plan put forward, the one by the progressive caucus. raising $947 billion in revenue, cutting the defense budget in order to not hurt the most vulnerable and the most poor, and also treating these earned benefits in honest ways and investing in infrastructure and jobs. >> i'm in total agreement with that. we have a cold war defense budget. >> higher than the cold. >> but there are also some prudent cuts that can be made. >> like what? >> on the domestic side. well, are you telling me, ed, that some of these programs -- i'm not talking about the ones that hurt the poor. i don't want those touched. but some of these other government programs couldn't sustain a 5% cut, that some of these agencies? >> but why begin with cuts? there are -- >> you don't begin with cuts. what the president wants which is a balanced app
we should be investing in job creation as the best means of deficit reduction. we shouldn't be cutting and bleeding our economy. and if there was any measure of rationality in our system, we'd be having a serious debate in congress about the best liberal plan put forward, the one by the progressive caucus. raising $947 billion in revenue, cutting the defense budget in order to not hurt the most vulnerable and the most poor, and also treating these earned benefits in honest ways and investing in...
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Feb 16, 2013
02/13
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and the real problem we is a jobs crisis, not a deficit crisis. >> one word from all of you. odo you think she could walk us back into a recession if this were to happen? >> without a doubt. >> no question. >> house speaker boehner does not sound like he is willing to compromise. here is what he said yesterday. >> on the sequester will be in effect until there are cuts in reforms that put us on a path to balance the budget over the next ten years. >> sheila jackson lee, how do you deal with that? >> you know, ed, i don't know why we can't be truth-sayers, if you will. we've already cut over a trillion dollars. congress has already cut over a trillion dollars. the federal employees have already taken $103 billion out of their salaries and contributed to the deficit. the economy is growing. the president has indicated we have an opportunity for innovation and growth. and i believe that that is our pathway forward. if the speaker does not want to come back to the table of compromise and address how we can both bring down the debt and grow the economy, then all we're going to be
and the real problem we is a jobs crisis, not a deficit crisis. >> one word from all of you. odo you think she could walk us back into a recession if this were to happen? >> without a doubt. >> no question. >> house speaker boehner does not sound like he is willing to compromise. here is what he said yesterday. >> on the sequester will be in effect until there are cuts in reforms that put us on a path to balance the budget over the next ten years. >> sheila...
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Feb 21, 2013
02/13
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he's sounding the alarm on our debt and deficit and is coming up in a few minutes. we'll want to get his take on all that have. >> looking forward to that. after the bell, dow component hewlett-packard with a crucial earnings report. david faber is inside h-p today with information no one else will have. we'll be here and will have the numbers as soon as they are released at the top of the hour. >> which could set the tone for tomorrow. aig reporting after the bell. we talk with robert benmoschy after the company reports. his company in the top position in hedge funds, topping apple. we'll ask him about that and a lot more. >> down day continued the slide from yesterday afternoon and continued first thing this morning. overnight asia down hard and this morning europe down hard and it continued in the u.s. this morning. down 56, cutting the declines in half to 13,870 on the dow. the nasdaq down 35 pints. hardest hit again today, down 1.3% at 3128. just read the numbers, bill, and the s&p right now down ten points at 1501. let's get straight to the markets and what th
he's sounding the alarm on our debt and deficit and is coming up in a few minutes. we'll want to get his take on all that have. >> looking forward to that. after the bell, dow component hewlett-packard with a crucial earnings report. david faber is inside h-p today with information no one else will have. we'll be here and will have the numbers as soon as they are released at the top of the hour. >> which could set the tone for tomorrow. aig reporting after the bell. we talk with...
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Feb 20, 2013
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that puts a whole new spin on deficit spending. are we really investing in our deficit? good question. now the president has also been using the word loophole. and that is clearly a pejorative. loophole, sounds bad, doesn't it? he's really talking about tax deductions. which we all know and use. are you exploiting a loophole when you deduct your mortgage interest? i'm sure you don't see it like that, do you? special interests, hmmm, how about that, special interests, the president makes these special interests sound wicked, as if they are ruining america. well, perhaps they are, but it seems like they're only wicked when special interests support republicans. surely, unions and trial lawyers, aren't they special interests? and in my opinion, they have done damage to us all, that they are the democrats base, so they are spared the special interest label. and finally, tax reform, this is a republican idea, for lower tax rates. the president has hijacked the expression, so tax reform now means higher tax rates. so let's be clear. to follow the debate these days, you have to
that puts a whole new spin on deficit spending. are we really investing in our deficit? good question. now the president has also been using the word loophole. and that is clearly a pejorative. loophole, sounds bad, doesn't it? he's really talking about tax deductions. which we all know and use. are you exploiting a loophole when you deduct your mortgage interest? i'm sure you don't see it like that, do you? special interests, hmmm, how about that, special interests, the president makes these...
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Feb 18, 2013
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. >> they backed infrastructure spending, they had no problem with deficit spending under president bush. they also backed financial disclosure and captain trade. all 06 that reversed when president obama opposed any and all of these. >> look, this is an extension with what we saw with mitch mcconnell. they were going to be obstructionist and hold obama to be a one-term president. just because they failed at that doesn't mean they can stop all of that programming of four years. a lot of people that got stopped in 2010, now, it's not just whether or not they like the president, they were voted in by people who voted against the president. so they have constituents who hate the president in many cases as much as they do and they can't back down. >> governor, talking about they failed in the last election, over the weekend, the governor tagged democrats to socialists. in his speech, he said election day was a body blow to americans. a body blow to freedom. we are against a strategy that's ta taking place by liberals, democrats, whatever they call themselves nowadays, socialists, marxist. th
. >> they backed infrastructure spending, they had no problem with deficit spending under president bush. they also backed financial disclosure and captain trade. all 06 that reversed when president obama opposed any and all of these. >> look, this is an extension with what we saw with mitch mcconnell. they were going to be obstructionist and hold obama to be a one-term president. just because they failed at that doesn't mean they can stop all of that programming of four years. a...
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Feb 18, 2013
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reduction and deficit management. it shows europe has been aggressive on austerity and needs to think about a more aggressive growth strategy. >> clearly, the last two seconders of growth are bad for germ thee, are bad for france and this is where we have to reflect on how we can move on, continue with fiscal consolidation which is necessary, a very serious attitude towards deficit and this is the attitude that we adopt in france. but also keeping in mind that we are responsible in front of our people and that europe cannot be for the long run a zone of high unemployment and low growth. we have to have this debate. we had it here in the g-20. i think it was a comprehensive approach and we'll have it in the eurozone, too, in the months to come. but it's not a matter of renouncing to what -- it's maybe a matter of balance. >> now, the g-20 attendees agreed on the need to crack down on corporate tax avoidance. the final communique did say members were determined to develop measures to stop firms shifting profits from the
reduction and deficit management. it shows europe has been aggressive on austerity and needs to think about a more aggressive growth strategy. >> clearly, the last two seconders of growth are bad for germ thee, are bad for france and this is where we have to reflect on how we can move on, continue with fiscal consolidation which is necessary, a very serious attitude towards deficit and this is the attitude that we adopt in france. but also keeping in mind that we are responsible in front...
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Feb 19, 2013
02/13
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they have to just stop with these deficits. he spent a lot of money to back up his view and his warnings. they do not want to hear abstractions like a budget deficit. they want to have the opportunity to feed their families. they do not want to hear about abstractions like that. frankly, neither the republicans or the democrats, but certainly not this administration, is providing the opportunity for people to work in this country. it is almost as if president obama has taken every fiscal lesson out. i will not worry about opportunity. i will not worry about jobs. this is crazy. he is focusing more attention on illegal immigrants than 23 million americans who are out of work. this administration is upside down. i think a failure will be mild to the conclusion that history will reach on his administration if he does not come to his senses a leadership that until just recently, speaker boehner was playing the part. he has only now begun to stand up and assert itself. remember, this is the president's idea. now, with his customary
they have to just stop with these deficits. he spent a lot of money to back up his view and his warnings. they do not want to hear abstractions like a budget deficit. they want to have the opportunity to feed their families. they do not want to hear about abstractions like that. frankly, neither the republicans or the democrats, but certainly not this administration, is providing the opportunity for people to work in this country. it is almost as if president obama has taken every fiscal lesson...
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Feb 21, 2013
02/13
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cuts that don't have a purpose behind them that honestly achieve nobody's goals, including those of deficit hawks. they have not come to that solution because it would require climbing down from trees they have all scurried up. >> brinksmanship, as individual americans are watching what is going on in washington, it is remarkable to see the number of brinks that we have been pushed to in the last couple of years when washington apparently decided this was the only thing to get anything done. when you look at the record, both of the last couple of years and more broadly, do row think there is a case to be made that brinksmanship works? that this is a way to get stuff done that we otherwise wouldn't do, or should we make a case based on american history that we can legislate threw normal means and still have real debates? >> no, i think this is really important point to make. this is not a -- none of this is a lesson that brinksmanship works. it is a lesson that not compromising doesn't work if you want to get things done under a divided government there is nothing stopping the u.s. governmen
cuts that don't have a purpose behind them that honestly achieve nobody's goals, including those of deficit hawks. they have not come to that solution because it would require climbing down from trees they have all scurried up. >> brinksmanship, as individual americans are watching what is going on in washington, it is remarkable to see the number of brinks that we have been pushed to in the last couple of years when washington apparently decided this was the only thing to get anything...
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Feb 19, 2013
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maybe the deficits are going to shrink. we're seeing this on the stateside and it takes your breath away. i know my new jersey governor, our new jersey governor, governor christie is talking about perhaps things are better. at a time, i look at all the receipts. i wonder if they're be more bountiful going back to the sequester. let's be clear, this health care and social programs, i don't know a soul who wants those. >> civilian layoffs in the military, 800,000 people losing their work for some period of time. >> i'm saying the ceos are saying, look, the big issue was the tax code and the ee quester of the southern congress will figure out a way to get the money to them, the northern and california congressman will be able to figure out how to restore the money for the social programs. but there is a sense that perhaps our deficit is shrinking even as we talk. but you will know more because you'll have simpson and bowles. >> see what they say. again, talking to john harwood at the top of the hour. >>> google, fresh 52-week
maybe the deficits are going to shrink. we're seeing this on the stateside and it takes your breath away. i know my new jersey governor, our new jersey governor, governor christie is talking about perhaps things are better. at a time, i look at all the receipts. i wonder if they're be more bountiful going back to the sequester. let's be clear, this health care and social programs, i don't know a soul who wants those. >> civilian layoffs in the military, 800,000 people losing their work...
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Feb 22, 2013
02/13
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the minimum wage is a reminder that we can't put it on hold along with the deficit. how did it happen in the 90s under president clinton. but also with president bush how did it happen that we got the last two raises that we got? >> in 2007 the democrats were in control of congress. the model was 1996 when you had a democratic president and big clinton. newt gingrich likes to win things. it has been a while since he has but it was at that point still on a roll. you had dick army who was the majority leader who was dead set against it. but the republicans gave into reality for some of the republicans, but the sort of more traditional conservatives, they keep telling people to go to work. we don't want the 47%. how do you turn around and say yes, people should go to work but shouldn't make enough money to live on. this is a subset of the most interesting dynamic in the world today. as i said, will the meanies beat the crazies? >> we are routing for the meanies. overall, are there numbers where the poling becomes so overwhelming? i'm thinking about it on the gun issue i
the minimum wage is a reminder that we can't put it on hold along with the deficit. how did it happen in the 90s under president clinton. but also with president bush how did it happen that we got the last two raises that we got? >> in 2007 the democrats were in control of congress. the model was 1996 when you had a democratic president and big clinton. newt gingrich likes to win things. it has been a while since he has but it was at that point still on a roll. you had dick army who was...
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Feb 18, 2013
02/13
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it's growing our economy without raising taxes, that will help the deficit. it is about getting ourselves off oil from places like the middle east and venezuela. it's a national security issue and that's why as you saw in the poll almost 70% of americans support it. stuart: senator john hoeven, republican from north dakota, thanks very much for taking time out of your holiday today. we appreciate you being with us. >> good to be with you. stuart: yes, sir. i'm going to break into this for a moment of news of one of my favorite tv shows. the final episode of season 3 aired last night. no, i will not tell you how it ended. but i will say is this, it is a very rare program that does not demonize the rich. it shows the rich people behaving very well in the pursuit of prophet. -- in the pursuit of profit. it shows going after profit is good. when was the last time you saw that in a tv program in this day and age? liz: i will keep radio silence on the finale. it was amazing. you are right. a big land holding and big job creating that he's created there. when you se
it's growing our economy without raising taxes, that will help the deficit. it is about getting ourselves off oil from places like the middle east and venezuela. it's a national security issue and that's why as you saw in the poll almost 70% of americans support it. stuart: senator john hoeven, republican from north dakota, thanks very much for taking time out of your holiday today. we appreciate you being with us. >> good to be with you. stuart: yes, sir. i'm going to break into this for...
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Feb 17, 2013
02/13
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>> environmental injury is deficit spending. it's a way of imposing the costs of our generation's prosperity and the wealth of billion airs in this case on to the backs of our children, you know. we can treat the planet as if it were a business in liquidation and convert our natural resources to cash as quickly as possible and have a few years of pollution-based prosperity and make the koch brothers wealthy and impoverishing everybody else, but our children are the ones that are going to pay for the joy rude and denuted landscapes and poor health and cleanup costs that will amplify over time and that they will never be able to pay. >> what about the supporters though who say that it will be instrumental in helping the u.s. become more energy efficient? what do you say to them? >> well, i don't even understand that argument because this is not american oil and it's not coming to the united states. it's passing through the united states, the plan to a refinery in galveston and then it's going to be exported to china and other plac
>> environmental injury is deficit spending. it's a way of imposing the costs of our generation's prosperity and the wealth of billion airs in this case on to the backs of our children, you know. we can treat the planet as if it were a business in liquidation and convert our natural resources to cash as quickly as possible and have a few years of pollution-based prosperity and make the koch brothers wealthy and impoverishing everybody else, but our children are the ones that are going to...